W2W: Luxury Price Growth Is Set to Slow – WWD
Prices for luxury goods will continue to rise, but brands will likely broaden their entry-price offers to win back the cautious aspirational customer.
Source: wwd.com
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Navigating China's Luxury Slowdown – WWD
Luxury analysts believe brands should double down on retail, delve deeper into the aspirational and the untouched silver hair markets to seek growth.
Source: wwd.com
Artnet : Worldwide Investment in Cultural Projects Continues to Rebound, With $15 Billion of Infrastructure Completed or Announced in 2022
Art World Worldwide Investment in Cultural Projects Continues to Rebound, With $15 Billion of Infrastructure Completed or Announced in 2022 ...
Source: marketscreener.com
Worldwide Investment in Cultural Projects Continues to Rebound, With $15 Billion of Infrastructure Completed or Announced in 2022
The post-covid investment boom in cultural projects around the world continued in 2022 according to the latest AEA Consulting report.
Source: artnet.com
LVMH shares fall as second-quarter sales fail to impress
PARIS (Reuters) -Shares in LVMH fell on Wednesday as an in-line increase in sales at the world's top luxury indicated the overall sector was moving towards a less impressive path of growth. Despite a "solid" growth rate, the report "will likely trigger further questions...on whether we are now at the end of the positive earnings revision cycle for luxury and on the drivers of sector growth going forward," wrote analysts at JP Morgan. LVMH shares were down 3.7% in early session trading, also dragging down the shares of its rival Kering.
Source: yahoo.com